Union Budget 2020 New income tax slabs introduced Finance Minister Nirmala Sitharaman has announ

NirmalaSitharaman union Finance minister presents UnionBudget2020
►►Union Budget 2020- UPDATES

►Govt proposing comprehensive measures for 100 water stressed districts: Finance Minister Sitharaman

►Govt proposes conservation of marine fishery, says Finance Minister

►One horticulture crop in one district on cluster basis will be promoted: Nirmala Sitharaman

►NABARD refinance scheme will be expanded, says Finance Minister

►Agri credit target set up at Rs 15 lakh cr for FY21: Finance Minister
[1:33 PM, 2/1/2020] RIZWAN Asad: ►►Union Budget 2020- UPDATES

►Indian Railways to set up Kisan Rail in PPP mode for cold supply chain to transport perishable goods

►Fish production to be raised to 200 lakh tonnes by 2022

►Proceeds from taxes on medical devices would be used to support setting up of hospitals

►Viability gap funding for setting up hospitals in those districts with no empanelled hospitals under Ayushman Bharat

►Allocation for Swachh Bharat for 2020-21 stands at Rs 12,300 crore
[1:33 PM, 2/1/2020] RIZWAN Asad: ►►Union Budget 2020- UPDATES

►Rs 99,300 crore allocated for education sector, Rs 3,000 crore for skill development in FY21

►Special bridge courses to be designed for teachers, nurses, para medical staff, caregivers

►Govt proposes Rs 3.6 lakh crore towards piped water supply to households

►Steps to be taken to attract external commercial borrowing, FDI in education sector

►Govt proposes to start programme for urban local bodies to provide opportunities for internship to young engineers
►Degree level full-fledged online education programme by institutions ranked in top 100

►National Police University and National Forensic University are being proposed

►Milk processing capacity to be doubled by 2025

►Govt proposes scheme for manufacturing of cell phones, semi conductors and other electronic devices

►Rs 27,300 crore provided for development and promotion of industry and commerce
[1:33 PM, 2/1/2020] RIZWAN Asad: ►Delhi-Mumbai Expressway to be completed by 2023, Chennai-Bengaluru Expressway to be launched

►Rs 103 lakh crore infra project pipeline launched in December end

►Digital refund of duties and taxes of Centre, states and local bodies to exporters from this year

►550 wi-fi facilities have been commissioned at railway stations

►More Tejas type trains will connect tourist destinations
►100 more airports to be developed by 2025 to support Udaan scheme

►Rs 1.7 lakh cr provided for transport infrastructure in 2020-21

►State govts need to replace conventional electricity meters with prepaid smart meters in 3 yrs

►Rs 22,000 crore to Power and Renewable Energy sector in 2020-21

►Govt to bring out policy for data centre parks throughout country
►Govt allocates Rs 28,600 crore for programmes specifically for women

►All public institutions at gram panchayat levels such as police stations and post offices to be connected digitally

►Finance Minister says 150 higher institutes to start apprentice training for general category students

►Rs 35,600 cr allocated for nutritional related programme in FY21

►Task force to be set up to recommend marriageable age for women
►►Union Budget 2020- UPDATES

►Rs 85,000 crore allocated for SCs and OBCs in Budget for FY 2020-21

►Govt proposes Rs 53,700 cr for welfare of schedule tribes and Rs 9,500 cr for senior citizens and divyangs for 2021-22

►5 archaeological sites in Haryana, UP, Assam, Gujarat and Tamil Nadu, to be developed with on-site museums

►Govt allocates Rs 3,150 cr for ministry of culture, Rs 2,500 cr for ministry of tourism

►Power plants with emissions above prescribed limits will be asked close down
Finance Minister Nirmala Sitharaman has announced cuts in the income tax while presenting the Union Budget 2020. Sitharaman unveiled a new income tax regime that she said will lower the income tax a salaried individual pays. However, there's a catch: Under the new regime, which will be optional, you will not be able to avail of all of the deductions or exemptions that earlier allowed you to lower the amount of your salary that was taxed (more on this later).
Budget 2020 Sensex Crashes 1080 Points As Budget Fails To Enthuse Investors
[6:38 PM, 2/1/2020] RIZWAN Asad: Union Budget 2020: New income tax slabs introduced : Finance Minister Nirmala Sitharaman has announced cuts in the income tax while presenting the budget
[6:46 PM, 2/1/2020] RIZWAN Asad: Under the new proposed regime, the income tax slabs will be as follows:

- For incomes of up to Rs 5 lakh per year, there will be no income tax.

- For incomes between Rs 5 lakh and Rs 7.5 lakh per year, the income tax to be paid will be 10 per cent.

- For incomes between Rs 7.5 lakh and Rs 10 lakh per year, the income tax to be paid will be 15 per cent.

- For incomes between Rs 10 lakh and Rs 12.5 lakh per year, the income tax to be paid will be 20 per cent.

- For incomes between Rs 12.5 lakh and Rs 15 lakh per year,